Why are there no significant new hand tools?

Question

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Answer 1

Since many tools perform well already and need only adjustments as they are improved on. A lot of tools function the same and have the same appearance although making a comparison with some years before they are not alike.

Answer 2

There are still new hand tools being developed, but the pace of innovation has slowed down due to the maturity of the market and the focus on automation and technology. Hand tools have also reached a high level of functionality and durability, leaving less room for major improvements.

Answer 3

The industrial age encompasses social and economic organization more so in great Britain and other countries, characterized chiefly by the replacement of handtools  with power driven machines.